Prestige Consumer Healthcare (NYSE:PBH) Stock Price Crosses Above 50-Day Moving Average of $31.11

Prestige Consumer Healthcare Inc (NYSE:PBH)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $31.11 and traded as high as $32.79. Prestige Consumer Healthcare shares last traded at $32.72, with a volume of 5,252 shares changing hands.

PBH has been the topic of several recent research reports. Zacks Investment Research cut Hanger from a “hold” rating to a “sell” rating in a report on Tuesday, May 28th. CIBC reissued a “hold” rating and issued a $84.00 target price on shares of Prestige Consumer Healthcare in a research note on Monday, May 27th. TheStreet lowered USD Partners from a “b-” rating to a “c+” rating in a research note on Friday, May 10th. Finally, ValuEngine lowered Intersect ENT from a “buy” rating to a “hold” rating in a research note on Monday, July 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $57.77.

The stock’s 50-day moving average is $31.17. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 1.83 and a beta of 0.93. The company has a current ratio of 2.37, a quick ratio of 1.43 and a debt-to-equity ratio of 1.64.

Prestige Consumer Healthcare (NYSE:PBH) last announced its earnings results on Thursday, May 9th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.02. Prestige Consumer Healthcare had a positive return on equity of 12.45% and a negative net margin of 3.67%. The business had revenue of $241.03 million for the quarter, compared to analyst estimates of $237.22 million. During the same quarter last year, the firm earned $0.62 EPS. Prestige Consumer Healthcare’s revenue for the quarter was down 5.8% compared to the same quarter last year. On average, equities research analysts forecast that Prestige Consumer Healthcare Inc will post 2.81 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake in Prestige Consumer Healthcare by 11.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,049,957 shares of the company’s stock valued at $125,062,000 after purchasing an additional 420,265 shares in the last quarter. Wells Fargo & Company MN grew its stake in Prestige Consumer Healthcare by 3.2% in the first quarter. Wells Fargo & Company MN now owns 2,299,827 shares of the company’s stock valued at $68,788,000 after purchasing an additional 71,275 shares in the last quarter. Champlain Investment Partners LLC grew its stake in Prestige Consumer Healthcare by 2.2% in the first quarter. Champlain Investment Partners LLC now owns 2,088,940 shares of the company’s stock valued at $62,480,000 after purchasing an additional 44,975 shares in the last quarter. Macquarie Group Ltd. grew its stake in Prestige Consumer Healthcare by 17.6% in the fourth quarter. Macquarie Group Ltd. now owns 1,446,325 shares of the company’s stock valued at $44,663,000 after purchasing an additional 216,570 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in Prestige Consumer Healthcare by 11.8% in the first quarter. Acadian Asset Management LLC now owns 1,381,311 shares of the company’s stock valued at $41,314,000 after purchasing an additional 145,809 shares in the last quarter.

About Prestige Consumer Healthcare (NYSE:PBH)

Prestige Consumer Healthcare Inc, together with its subsidiaries, develops, manufactures, markets, distributes, and sells over-the-counter (OTC) healthcare and household cleaning products in North America, Australia, and internationally. It operates in three segments: North American OTC Healthcare, International OTC Healthcare, and Household Cleaning.

Recommended Story: Book Value Per Share – BVPS

Receive News & Ratings for Prestige Consumer Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prestige Consumer Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit